So is it still possible to make an income on the internet?
Well yes it is and yes you can, BUT….
have a read of this first before you part with any hard earned cash and dive in to anything!!.
Now I originally wrote this post back in 2011, but I have come back to update it July 2016 with what’s working right NOW on the internet.
With the recession, poor pensions, redundancy, high college fees and the high cost of living that is all around us, more and more people are looking at ways to generate (or replace) their income. Additional stress for those still in the corporate world is also causing many hundreds of thousands of people to turn to the world wide web to see if it’s really possible to earn an income on the internet but is this the right thing to do, or will you just end up losing more money?
There are literally dozens of ways to make an income on the internet if you want to work for other people, but what I want to focus on today are the 4 key ways of having your OWN business, where you can leverage the power of the internet to work for YOU.
So here are the 4 key ways to earn an Income on the Internet:
1) Ebay / Amazon (drop shipping)
2) Affiliate Marketing
3) Selling your own product or service
4) Network Marketing / MLM / Direct Sales
Let’s look at these in a little more detail:
1) Income on the Internet using Ebay/Amazon drop shipping
This is where you advertise a product or service on large auction sites such as Amazon or Ebay. You simply have to create your account, source some popular products and a drop shipper who will ship them for you and then register them on the auction sites.
Now then, this may seem quite a simple way to generate an income on the internet at first, but bear in mind that there are many challenges here which can be costly and sometimes for a very low return. The most popular products may not be the most lucrative and often it is the niche products that you wouldn’t think of that will give the best returns. So how would you find out what to sell and how to find the suppliers?
Well, there are a good few courses popping up from people who have done this successfully so it is definitely worth searching – two that spring to mind are DS Domination and Infinii, so you can do some research on those two companies to see if it’s what you want to do.
Bear in mind that whilst a lot of people do have some success with this, there are many things to factor in such as customer returns and customer service and follow up which can be costly both in your time and expenses if the drop shipper doesn’t do this for you. As with anything new you are venturing into – take some time to do some due dilligence.
Here’s a great resource for you:
2) Income on the Internet through Affiliate Marketing
Affiliate marketing is when you sell other people’s products or services. It usually costs nothing to become an affiliate and get your affiliate code for a product or service, and then all you have to do is promote it so that prospects come to either the company website or your own website and then make a sale.
Earning an income through affiliate marketing is a GREAT way to earn an income on the internet, but there is a lot of competition for high affiliate commissions. Those that understand how to build their own high converting and unique websites and the power of building their own subscriber list with follow up emails will do way better than those who use the “done for you” templates and capture pages that quickly become saturated in the market. But of course this in itself is a HUGE learning curve to understand how to do this.
Some products have small affiliate commissions and some have large – those with large commissions, will obviously have the biggest competition and so you will be competing against other much more experienced marketers. With the costs of advertising soaring, it is hard to make a real profit unless you know exactly what you are doing and targeting a niche market.
3) Income on the Internet through Selling your Own Product or Service
Now then, this is possibly the MOST profitable way of making an income on the internet, because you get to keep 100% of the profits as opposed to perhaps 20-50% of an affiliate product, but it is also probably the hardest for a new marketer to do. Why? because as well as the creation of your own product, you will need to create your own websites, learn how to “brand” yourself online as a person of authority, learn sales copy, ongoing sales follow ups and of course learn the art of traffic attraction and conversion. You can of course sub this out to copywriters, website builders and traffic specialists, but this obviously makes a big dent in the profit margin.
4) Income on the Internet through Network Marketing/MLM/Direct Sales
Direct Sales and Network Marketing is a way of using leverage to create wealth. What do we mean by this? Well in order to have TRUE wealth in ANY business you need to leverage the power of the work of other people and then scale it up so that you can do more business with less work. John Paul Getty sums it up beautifully when he said “I would rather have 1% of 100 people’s time than 100% of my own”.
Network marketing provides you with the potential to do exactly this by leveraging the power of as many people as you can build into your team, but each of them have the motivation because they are building their own business too.
Historically there is a high failure rate within Network Marketing and direct sales because people couldn’t find enough prospects to “talk” to about their opportunity, nor did they know how to “sell it”. With the onset of the internet, it has changed everything and with some simple but age old marketing strategies brought “online” it is possible to bring our customers and prospects to us.
If you have listened to my video above and yet you are committed to building your Network Marketing business, then I can wholeheartedly recommend a marketing training system designed specifically for Network Marketers – you can read my full review on the MLSP system by clicking here – MLSP Review
Summary of How to Earn an Income on the Internet
So the key to success in any of these strategies to earn an income on the internet is to take the time to learn some skills. To KNOW your market, to become skilled through research and training, position yourself as the expert with your own unique selling proposition and then you will be ahead of 97% of marketers out there. But how do you conquer the online marketing process and yet still earn an income in the process?
Well what if you could have a professionally built sales funnel, professional digital products with high commissions, step by step training with your own personal coaches and a highly supportive team to help lift you up an show you what’s truly possible. AND….what if you could also earn commissions on the sales that your own personal team do too…..? Kind of a win/win situation.
Because I was finally shown a business that ticks ALL of those boxes above. And what’s more the mentor who showed me this has the same vision as me……which is to “free” more people from the lives they are unhappy with so that they can spend MORE time doing what they want to be doing. Whether that’s more time at home with the children or family, whether it’s to spend more time on vacation and traveling the world, or whether it’s to free themselves from mortgages, debt and an insecure pension.
So if you fit into any of these categories – then I would like to invite you to take a look at the business I have recently aligned with. Because before I joined, I made my sponsor show me his back office in his business to PROVE to me that his team was making money. And I was truly blown away by what I saw and will be updating my own results here soon. What’s more – we have a TON of additional team benefits that will help you meet your goals even more quickly.
If you are serious about wanting to earn an income on the internet – then take a peek at this Simply click the action button below to take a look at what we’re doing.
P.S – If you’re visiting my blog for the first time – then why not grab my FREE PDF report “4 Steps to 5-Figure Months”
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